If a Firm Were to Stop Production of Its Only

question 6

Multiple Choice

If a firm were to stop production of its only product, the firm's total cost will be equal to

• A) zero.
• B) its total fixed cost
• C) its total variable cost.
• D) its opportunity cost.
• E) its average cost.

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Definitions:

Sanitization

The process of cleaning and disinfecting a surface or environment to reduce the quantity of pathogens to safe levels.

Sterilization

A method of killing or removing all forms of life, including microorganisms, from a surface, fluid, or medication.

Consumable Supply

Items that are intended to be used up and replaced in a short amount of time, such as food, medical supplies, or office materials.

Biological Agents

Microorganisms or biologically-derived substances used in healthcare or industry, potentially including bacteria, viruses, or biological toxins.